Feb 4, 2019

The launch issue of CSO is out!

Renewable Energy
Sustainability
Andrew Woods
2 min
The launch issue of CSO is live!
Welcome to the launch issue of CSO Magazine! The world is undergoing dramatic change and sustainability is at the forefront of this global...

Welcome to the launch issue of CSO Magazine!

The world is undergoing dramatic change and sustainability is at the forefront of this global shift as it influences and defines business operations across virtually every industrial sector. As a result, the role of the Chief Sustainability Officer (CSO) is taking on an even greater prominence, as companies strive to find greener energy solutions, more ethical business practices and increased engagement with local communities.

Packed with exclusive insights from those at the centre of this dramatically changing landscape, CSO Magazine is an innovative digital platform that keeps industry leaders and key decision makers right up-to-date with all the cutting-edge insight and trends affecting sustainability in all its forms.

Take a look!

This month we talk to Shannon T. Carroll Director of Global Environmental Sustainability at telco giant and multi-conglomerate AT&T regarding its wide-ranging environmental initiatives played across its enormous global operations. We also talk to representatives from Pod Point and FreeWire regarding the growth of EV infrastructure.

Elsewhere, we have exclusive insights from Aligned Energy, Nordex and Level Crossings Authority, Plus, we list the world’s top ten largest solar parks and detail the biggest events and conferences from across the globe.

We are always excited to hear from our readers and companies who would like to discuss any core events or projects with us. If you want to become part of the story, get in touch with me Editor-in-Chief Andrew Woods at [email protected]

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Apr 23, 2021

Drax advances biomass strategy with Pinnacle acquisition

Drax
Biomass
Sustainability
BECCS
Dominic Ellis
2 min
Drax is advancing biomass following Pinnacle acquisition it reported in a trading update

Drax' recently completed acquisition of Pinnacle more than doubles its sustainable biomass production capacity and significantly reduces its cost of production, it reported in a trading update.

The Group’s enlarged supply chain will have access to 4.9 million tonnes of operational capacity from 2022. Of this total, 2.9 million tonnes are available for Drax’s self-supply requirements in 2022, which will rise to 3.4 million tonnes in 2027.

The £424 million acquisition of the Canadian biomass pellet producer supports Drax' ambition to be carbon negative by 2030, using bioenergy with carbon capture and storage (BECCS) and will make a "significant contribution" in the UK cutting emissions by 78% by 2035 (click here).

Drax CEO Will Gardiner said its Q1 performance had been "robust", supported by the sale of Drax Generation Enterprise, which holds four CCGT power stations, to VPI Generation.

This summer Drax will undertake maintenance on its CfD(2) biomass unit, including a high-pressure turbine upgrade to reduce maintenance costs and improve thermal efficiency, contributing to lower generation costs for Drax Power Station.

In March, Drax secured Capacity Market agreements for its hydro and pumped storage assets worth around £10 million for delivery October 2024-September 2025.

The limitations on BECCS are not technology but supply, with every gigatonne of CO2 stored per year requiring approximately 30-40 million hectares of BECCS feedstock, according to the Global CCS Institute. Nonetheless, BECCS should be seen as an essential complement to the required, wide-scale deployment of CCS to meet climate change targets, it concludes.

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